Technical analysis by linofx1 about Symbol PAXG on 10/3/2025

Update for ⚠️Gold: It has been observed that the market is currently trading within a significant ascending parallel channel on a 4-hour chart. Upon analyzing the hourly timeframe, a cup and handle formation has been identified, with a neckline situated between 3858 and 3864. It is anticipated that a trend-following movement may commence shortly. To validate this, it is advisable to await for a bullish breakout of the designated blue area. Confirmation would require an hourly candle to close above that level. Subsequently, the market is expected to rise to at least 3900. For the time being, it is recommended to exercise patience and await the breakout before proceeding.